Source: Richard Craver, WINSTON-SALEM JOURNAL, 9/23/19
R.J. Reynolds Tobacco Co. received a partial victory Monday in its legal battle with ITG Brands LLC over who is responsible for annual Master Settlement Agreement payments on four traditional cigarette brands. A state court in Delaware ruled in Reynolds’ favor that ITG is not entitled under their 2015 asset purchase agreement to demand protection from state “equity fee” statutes.
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